Gibson Energy (TSE:GEI) Cut to Hold at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce lowered shares of Gibson Energy (TSE:GEI) from an outperformer rating to a hold rating in a research note released on Thursday morning, MarketBeat.com reports. Canadian Imperial Bank of Commerce currently has C$34.00 price objective on the stock.

A number of other analysts have also issued reports on GEI. Royal Bank Of Canada boosted their target price on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. BMO Capital Markets raised their price target on Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. Raymond James Financial lifted their price objective on Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, Scotiabank boosted their price objective on Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Gibson Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$33.10.

Gibson Energy Price Performance

Gibson Energy stock opened at C$33.61 on Thursday. The company’s 50 day simple moving average is C$31.68 and its 200-day simple moving average is C$30.28. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. Gibson Energy has a 1 year low of C$22.09 and a 1 year high of C$33.88. The company has a market capitalization of C$5.80 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 1.85 and a beta of -0.03.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. The firm had revenue of C$4.83 billion during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.4%. Gibson Energy’s payout ratio is 176.00%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.